Official sources from both Nippon Oil and Idemisu Kosan have told fibre2fashion that they have announced the PX contract price for June, which is well below settlement price levels of May, which stood at US $1,060 per ton.
According to sources from both the companies, Nippon Oil Corp has announced its contract price for PX at US $1,000 per ton (CFR) and Idemitsu Kosan has nominated its PX contract price at $1,020 per ton (CFR), both for June.
Meanwhile, recent news received by fibre2fashion indicates that Exxonmobil has nominated its PX contract price for June at $1,030 per ton.
Fibre2fashion News Desk - India
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